Goodyear Tire & Rubber's (GT) "Hold" Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Goodyear Tire & Rubber (NASDAQ:GT - Free Report) in a research report released on Friday, Marketbeat reports. They currently have a $10.00 target price on the stock.

Several other brokerages have also recently commented on GT. Wolfe Research cut Goodyear Tire & Rubber from an "outperform" rating to a "peer perform" rating in a research report on Thursday, September 5th. StockNews.com cut Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $13.30.

Goodyear Tire & Rubber Stock Performance

Shares of GT traded up $0.03 during midday trading on Friday, hitting $8.62. 10,051,929 shares of the stock traded hands, compared to its average volume of 4,342,762. The firm has a market capitalization of $2.46 billion, a PE ratio of -8.29 and a beta of 1.77. The business's 50 day moving average price is $9.32 and its two-hundred day moving average price is $9.65. Goodyear Tire & Rubber has a 1-year low of $7.27 and a 1-year high of $14.97. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.65 and a current ratio of 1.14.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.12. The company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.96 billion. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. The company's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. Equities research analysts predict that Goodyear Tire & Rubber will post 1.09 EPS for the current fiscal year.

Institutional Trading of Goodyear Tire & Rubber

Several institutional investors have recently bought and sold shares of GT. Family Firm Inc. acquired a new position in Goodyear Tire & Rubber in the second quarter worth $26,000. Sound Income Strategies LLC lifted its stake in shares of Goodyear Tire & Rubber by 2,122.5% during the third quarter. Sound Income Strategies LLC now owns 3,956 shares of the company's stock valued at $35,000 after acquiring an additional 3,778 shares during the period. MUFG Securities EMEA plc bought a new position in Goodyear Tire & Rubber in the second quarter valued at about $57,000. Wilmington Savings Fund Society FSB acquired a new stake in Goodyear Tire & Rubber in the third quarter worth about $45,000. Finally, Private Trust Co. NA raised its holdings in Goodyear Tire & Rubber by 110.4% during the 3rd quarter. Private Trust Co. NA now owns 7,050 shares of the company's stock worth $62,000 after purchasing an additional 3,700 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company's stock.

Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.